Can I retire at age 50 with 5,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$462,443$458,324$454,305$450,382$446,552$444,297
2 years$228,932$224,668$220,536$216,530$212,644$210,368
3 years$151,105$146,823$142,702$138,733$134,910$132,683
4 years$112,200$107,931$103,850$99,949$96,219$94,059
5 years$88,862$84,619$80,592$76,771$73,144$71,058
6 years$73,309$69,098$65,130$61,394$57,876$55,866
7 years$62,204$58,028$54,124$50,475$47,069$45,135
8 years$53,879$49,741$45,901$42,343$39,048$37,192
9 years$47,408$43,308$39,535$36,066$32,884$31,104
10 years$42,233$38,174$34,467$31,090$28,019$26,315
11 years$38,003$33,984$30,344$27,057$24,097$22,468
12 years$34,480$30,502$26,930$23,733$20,882$19,326
13 years$31,501$27,565$24,060$20,953$18,210$16,725
14 years$28,950$25,056$21,618$18,599$15,963$14,548
15 years$26,741$22,889$19,518$16,587$14,055$12,709
16 years$24,810$21,000$17,696$14,852$12,422$11,142
17 years$23,108$19,341$16,103$13,345$11,014$9,799
18 years$21,597$17,872$14,700$12,026$9,793$8,641
19 years$20,247$16,563$13,457$10,867$8,729$7,637
20 years$19,033$15,391$12,350$9,842$7,797$6,763
21 years$17,936$14,336$11,360$8,932$6,977$6,000
22 years$16,940$13,383$10,470$8,121$6,254$5,331
23 years$16,032$12,516$9,667$7,396$5,614$4,743
24 years$15,201$11,727$8,940$6,746$5,046$4,224
25 years$14,438$11,005$8,280$6,161$4,541$3,767
26 years$13,734$10,343$7,680$5,633$4,090$3,362
27 years$13,084$9,734$7,131$5,156$3,687$3,003
28 years$12,481$9,172$6,629$4,724$3,327$2,684
29 years$11,921$8,653$6,169$4,332$3,004$2,401
30 years$11,399$8,172$5,746$3,976$2,715$2,148
31 years$10,912$7,725$5,357$3,651$2,454$1,924
32 years$10,456$7,310$4,998$3,356$2,220$1,723
33 years$10,029$6,922$4,667$3,086$2,009$1,544
34 years$9,627$6,561$4,361$2,839$1,819$1,384
35 years$9,250$6,223$4,077$2,614$1,648$1,241
36 years$8,894$5,906$3,814$2,407$1,493$1,114
37 years$8,558$5,610$3,570$2,218$1,353$999
38 years$8,241$5,331$3,343$2,044$1,227$897
39 years$7,941$5,069$3,132$1,885$1,112$805
40 years$7,656$4,823$2,936$1,739$1,009$723
41 years$7,386$4,591$2,753$1,604$915$649
42 years$7,130$4,372$2,582$1,480$831$583
43 years$6,886$4,166$2,423$1,367$754$524
44 years$6,654$3,971$2,274$1,262$684$470
45 years$6,432$3,787$2,135$1,165$621$423
46 years$6,221$3,613$2,006$1,076$564$380
47 years$6,020$3,447$1,884$994$512$341
48 years$5,828$3,291$1,771$919$465$307
49 years$5,644$3,143$1,664$849$422$276
50 years$5,468$3,002$1,565$785$384$248

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $5,600,000, adding $6,705 every year, while hoping to spend $46,465 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 54/37/9 Blend
49$5,600,000$5,600,000$5,600,000$5,600,000
50$6,178,116$5,881,316$5,794,516$6,497,638
51$6,758,846$6,120,062$5,939,194$6,953,636
52$7,397,252$6,368,950$6,087,161$7,444,022
53$8,099,170$6,628,426$6,238,479$7,976,627
54$8,871,026$6,898,960$6,393,209$8,555,464
55$9,719,903$7,181,041$6,551,414$9,184,943
56$10,653,601$7,475,181$6,713,155$9,869,912
57$11,680,719$7,781,915$6,878,496$10,615,699
58$12,810,727$8,101,803$7,047,500$11,428,166
59$14,054,061$8,435,431$7,220,231$12,313,754
60$15,422,218$8,783,411$7,396,752$13,279,550
61$16,927,870$9,146,383$7,577,128$14,333,348
62$18,584,974$9,525,017$7,761,423$15,483,720
63$20,408,912$9,920,014$7,949,702$16,740,099
64$22,416,633$10,332,106$8,142,028$18,112,860
65$24,626,810$10,762,060$8,338,467$19,613,420
66$27,060,021$11,210,678$8,539,083$21,254,341
67$29,738,941$11,678,798$8,743,939$23,049,448
68$32,688,552$12,167,298$8,953,100$25,013,954
69$35,936,384$12,677,096$9,166,629$27,164,605
70$39,512,775$13,209,153$9,384,590$29,519,831
71$43,451,149$13,764,473$9,607,046$32,099,922
72$47,788,343$14,344,108$9,834,058$34,927,209
73$52,564,943$14,949,159$10,065,688$38,026,279
74$57,825,675$15,580,775$10,301,997$41,424,200
75$63,619,824$16,240,163$10,543,043$45,150,773
76$70,001,697$16,928,583$10,788,887$49,238,812
77$77,031,141$17,647,354$11,039,585$53,724,446
78$84,774,099$18,397,856$11,295,193$58,647,460
79$93,303,242$19,181,536$11,555,767$64,051,663
80$102,698,645$19,999,904$11,821,358$69,985,300
81$113,048,552$20,854,544$12,092,018$76,501,501
82$124,450,201$21,747,114$12,367,798$83,658,780
83$137,010,745$22,679,345$12,648,742$91,521,578
84$150,848,263$23,653,055$12,934,897$100,160,871
85$166,092,874$24,670,143$13,226,304$109,654,832
86$182,887,965$25,732,598$13,523,003$120,089,564
87$201,391,545$26,842,503$13,825,031$131,559,906
88$221,777,733$28,002,036$14,132,420$144,170,323
89$244,238,406$29,213,481$14,445,201$158,035,885
90$268,985,008$30,479,225$14,763,399$173,283,349
91$296,250,542$31,801,771$15,087,037$190,052,345
92$326,291,777$33,183,737$15,416,132$208,496,686
93$359,391,664$34,627,866$15,750,698$228,785,819
94$395,862,010$36,137,027$16,090,743$251,106,410
95$436,046,422$37,714,229$16,436,269$275,664,098
96$480,323,548$39,362,617$16,787,276$302,685,433
97$529,110,653$41,085,489$17,143,753$332,419,999
98$582,867,557$42,886,295$17,505,686$365,142,764
99$642,100,976$44,768,651$17,873,054$401,156,666
100$707,369,302$46,736,342$18,245,829$440,795,461